Hobby or Business?

Jewelry maker, potter, blogger, selling wine at parties, have your own Etsy store? Are these endeavors businesses or hobbies? And who cares? The IRS cares. No matter where it comes from, if you earn income, the IRS wants its fair share. But how that is calculated depends on if it is a business or a…

Donating to Disaster Relief? What you need to know.

With the wildfires still raging in Northern California, and numerous states and territories still devastated by multiple hurricanes, many of my family, friends, and clients are talking of donating to help those affected. Some even mention a tax deduction as a benefit of donating. While this can be true in some situations, if the deductibility…

August Special – $25 off

Did you file an extension for your tax return in April? Have you since forgotten all about it? Uncle Sam hasn’t. Is it still haunting you and you keep saying you will do it tomorrow…keeping you up late at night, worried about what comes next? Procrastinate no more! For the month of August we are…